VXX vs VYX: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and NCR Voyix Corporation (VYX) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and VYX?
Across a 3-year window, the weekly returns of VXX and VYX correlate at -0.37, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -1078.9 %².
Within VXX's tracked universe of 2872 assets, VYX comes in at #1693 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VYX ahead by 17.4 points (-49.7% versus -32.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
VXX vs VYX: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | VYX (NCR Voyix Corporation) | |
|---|---|---|
| 1-year return | -49.7% | -32.3% |
| 5-year return | -95.6% | -65.3% |
| Volatility (ann.) | 60.9% | 47.7% |
| Beta vs S&P 500 | -3.31 | 1.47 |
| Max drawdown (3Y) | -83.3% | -67.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | VYX |
|---|---|---|
| 2022 | -23.8% | -41.8% |
| 2023 | -72.5% | +17.7% |
| 2024 | -26.2% | -18.2% |
| 2025 | -42.2% | -26.3% |
| 2026 | -31.6% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and VYX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and VYX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.28 over the last year and -0.38 over 5 years.
Is VYX a good diversifier for VXX?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-vyx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxx-vs-vyx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · VYX correlations
